The Socialist People’s Libyan Arab Jamahiriya: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

April 10, 2006

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Format: Chicago

The Socialist People’s Libyan Arab Jamahiriya: 2005 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Also available in: العربية

Summary

This 2005 Article IV Consultation underlies that in 2004, Libya’s macroeconomic performance was satisfactory, owing mainly to higher oil prices and increased oil output. Real GDP grew 4½ percent while consumer prices declined. The favorable developments in the oil market contributed to a significant improvement in the external current account surplus, which reached some 24 percent of GDP. In 2005, macroeconomic performance remained relatively strong. Real GDP growth was about 3½ percent, and inflation low. In contrast to previous years, economic growth is estimated to have been generated mainly in the non-oil economy.

Subject: Commercial banks, Commodities, Exchange rates, Expenditure, Financial institutions, Foreign exchange, Imports, International trade, Oil

Keywords: CBL authority, Commercial banks, CR, East Africa, Exchange rates, Financial situation, Government, Government buy-back, Imports, ISCR, Libya, Libyan authorities, Middle East, Net creditor position, North Africa, Oil, Oil revenue

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/136
Stock No:

1LBYEA2006001
ISBN:

9781451823073
ISSN:

1934-7685

Notes

Also available online in Arabic

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